Thursday, July 28, 2016

NIFTY SHUTS ABOVE 8,600 MARK; END FLAT AHEAD OF JULY F&O EXPIRY

LAST DAILY RECOMMENDATION:
IN BULLISH MOMENTUM: YESBANK HIT FIRST TGT 1210  MADE A HIGH OF 1212.75
LOT SIZE: 700
DAILY TOTAL PROFIT: 14000 IN JUST TWO LOT
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Sensex ended with a gain of 48 points at 28,024. The Sensex opened at 27,976 touched an intra-day high of 28,211 and low of 27,899.93.The Nifty closed with a gain of 25 points at 8,616. The Nifty opened at 8,599.40 hitting a high of 8,665 and low of 8,572.Stock market in India ended with modest gains on Wednesday amid a highly volatile trading session. Indices slipped sharply lower in the first half with the Nifty slipping below the 8600 mark. However as the day progressed benchmarks stabilized and staged a smart recovery in the last half an hour .Technically, Indian Stock Market is still in positive zone. But Market was unable to retain 8600 levels by closing yesterday and again entered into rangebound region. Now Market would again see sideways movement until it breaches 8636 levels. Closing above 
8636 levels for Nifty would force market to see a sharp breakout from this trading range. Now, GST is the only event that can trigger market to see a sharp positive rally.
TOP GAINERS: Bharti Infratel, ICICI Bank, Zee Ent, Maruti Suzuki, Adani Ports, IndusInd
TOP LOSERS: Idea Cellular, ITC, Tata Steel, RIL, Axis Bank, Coal India and ONGC

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